November 20, 2024
Matrix Self Storage National Report-November 2024
Advertised Rates Continue to Improve, Despite Slower Winter Season
Faced with weakened demand fundamentals, particularly due to the housing market, the self storage REITs reported negative occupancy and revenue growth for Q3 2024. While advertised rates are declining month-over-month going into the slower winter season, however, advertised rate growth year-over-year continues to improve compared to the aggressive rent drops at the end of last year. That should continue into 2025.
Recent reports
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Matrix Student Housing National Report – October 2026
New supply weighs on student housing occupancy and rent growth
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Matrix Multifamily National Report – September 2026
Multifamily performance mixed heading into final stretch
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Matrix Single-Family Rental National Report – September 2026
Matrix Single Family Rental Report – September 2026